Kubera Venture Capital Group
Secures Financing from Banco
Nacional
Kubera Venture Capital Group,
LLC, a privately held real
estate investment and
development firm, today
announced it has obtained a
round of financing for its gated
residential community, Jade Azul,
in Nosara, Costa Rica.
Affirming the continued strength
of investments in Costa Rica
real estate, and the value of
the Jade Azul project in
particular, the financing was
issued by Costa Rica's state
bank, Banco Nacional and will be
used to fund the community's
infrastructure and community
amenities.
The funds have been allocated to
install a bamboo perimeter
security fence, entranceway
landscaping, roads, and
continuing villa construction.
Nestled in the Nosara jungle,
Jade Azul is a Balinese-inspired
residential community that will
offer a mix of single-family
villas, ocean-view condominiums,
and commercial amenities.
Construction is currently
ongoing, with the first phase of
10 villas nearly completed.
Pre-construction sales for
additional villas and
condominiums are underway for
delivery in 2009.
Pre-construction pricing for the
jungle- and mountain-view villas
ranges from $200,000-$245,000
for 1-story villas and
$215,000-$260,000 for 2-story
villas, with actual prices
dependent upon lot sizes. For
those interested in building and
customizing their own
Balinese-style retreat,
individual lots are available
starting at $60,000.
Jade Azul will be built with the
intent of preserving the natural
habitat; approximately 50% of
the 28-acre property will be
reserved as "green space," with
low-impact walking and hiking
trails for residents to enjoy
the tropical wildlife and
environment. In addition, the
properties can be purchased with
basic or upgraded furnishing and
accessory packages, and as the
build-out continues and
residents begin to move into
their new homes, a broad range
of amenities are being added and
planned, including outdoor spas
and meditation areas, high-speed
internet access, shuttles to
local beaches, maid service,
pool cleaning, and local bill
paying services.
Mr. Kush Wadhwa, Partner of Kubera Venture Capital Group, stated, "We are
quite excited to have secured
additional financing for Jade
Azul. This funding will put the
finishing touches on the first
phase of the community and allow
us to fully showcase the
attention to detail,
craftsmanship, and design
aesthetics that make Jade Azul a
superior value in vacation
destinations. We invite anyone
who is interested in making a
home for themselves in Costa
Rica to come visit us to
experience the hospitality of
Nosara, the beauty of Jade Azul
and the serenity of the jungle
setting."
About Nosara
Nosara is a small Pacific
coastal town located in the
Guanacaste province in
Northwestern Costa Rica. The
town is famed for its
world-class surfing and sport
fishing, and offers a myriad of
other eco-tourism related
activities. It boasts a large
American population, dubbed the
"Proyecto Americano," and has
long been a home for
privacy-seeking celebrities and
wealthy Americans. Tucked away
in the jungle, Nosara is
accessible either by air (a
40-minute flight from the Juan
Santamaria International Airport
in San Jose, Costa Rica's
capital city) or car (a 2-hour
drive from the Daniel Oduber
International Airport in
Liberia).
|
